CUET Accountancy - Which Act empowers the Central Government to prescribe a maximum number of partners in a partnership firm :- | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Partnership

Easy

common

The Companies Act 2014

The Partnership Act 2013

The Companies Act 2013

The Partnership Act 1932

✅ Correct Option: 3

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Which of the following is not a part of capital account under the fixed Capital Method?

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Pinki, Deepti and Kaku are partner's sharing profits in the ratio of 5:4:1. Kaku is given a guarantee that his share of profits in any given year would not be less than Rs 5000. Deficiency, if any, would be borne by Pinki and Deepu equally. Calculate the deficiency assumed by Pinki and Deepti for each case separately if profits for the year were:-

Case I - Rs 40,000

Case II - Rs 60,000

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A, B and C are partners sharing profits in the ratio of 3:3:4. They decide to share the future profits equally. The sacrifice or gain of partners are:

CUET Accountancy 2025 27 May Shift 2 PYQs

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